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Alameda Research Co-CEOs Sam Trabucco and Caroline Ellison said: announced He will resign after admitting that he has “not worked at all” for the past few months.
At a time when Alameda was at the center of a whirlwind of crypto industry activity, it’s surprising to learn that one of its CEOs has been ‘severely cut’. [his] a few months before his role in Alameda.
Ellison took to Twitter to support the former co-CEO and acknowledged his absence, saying, “I’ve missed him the last few months.” The tweet described her experience as “formative,” congratulating “other Alameda employees who stepped up,” and far from being a warm hug.
Working together has been an incredibly formative experience @alamedatrabuccoWhile I’ve missed him over the last few months, I’m proud that the other Alameda employees are more committed and excited than ever for our future. We hope he has a great time on the boat! https://t.co/HqA2gz0FvL
Caroline (@carolinecapital) August 24, 2022
Trabucco also described his time at Alameda as “the most formative of my life”. Still, he explained in the past, “I couldn’t think of anything more rewarding.” [his] It takes more time than giving it to Alameda,” but Trabucco said, “I personally cannot continue to justify the investment of time to become a core part of Alameda.”
The central theme of Trabucco’s resignation is at the heart of the hustle culture that still stands out in innovative industries such as cryptocurrencies, gaming and technology. As part of his rationale, Trabucco explained that he had a kind of imposter syndrome when he compared himself to the rest of Alameda’s team. As Trabucco declared,
Everyone works hard here, and it is difficult to spend ‘normal’ time at work. Especially if you’re trying to be a leader.
Trabucco is appointed He took over as co-CEO in October 2021 and confirmed in a Twitter thread that he has not been CEO for “several months.” This leaves a short window of about six months in which he could have left his mark on the company.
He also commented that he would not move on to new projects until he was “recovered”, but “it was never 100% eliminated. [himself] From crypto without going into the drawer. He will continue to serve as Alameda’s advisor, but for all other reasons, it seems he’s stepping away.
Whether this move signals a bearish outlook for the overall crypto market from Alameda or Trabucco is unclear at this time. CryptoSlate seeks comment.
Trabucco concluded his announcement by confirming that he will miss Alameda’s team during the declaration.
“If there’s anything I’ve learned at Alameda, it’s how to make the right decisions. This is the right choice for me.”
Read Trabucco’s full announcement in the Twitter thread below.
About Happiness:
Sam Trabucco (@AlamedaTrabucco) August 24, 2022
